Markey Limited

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markey limited Company Information

Live

MatureSmallDeclining

Company Number

03658450

Website

www.markey.co.uk

Registered Address

unit39b, park farm industrial estate, buntingford, hertfordshire, SG9 9AZ

Industry

Event catering activities

Telephone

08702410812

Next Accounts Due

July 2024

Group Structure

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Directors

Nigel Markey25 Years

Warren Joe13 Years

Shareholders

nigel patrick markey 75%

warren joe 25%

markey limited Estimated Valuation

£979.9k

Pomanda estimates the enterprise value of MARKEY LIMITED at £979.9k based on a Turnover of £2m and 0.5x industry multiple (adjusted for size and gross margin).

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Markey Limited is a live company located in buntingford, SG9 9AZ with a Companies House number of 03658450. It operates in the event catering activities sector, SIC Code 56210. Founded in October 1998, it's largest shareholder is nigel patrick markey with a 75% stake. Markey Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Markey Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £2m, make it larger than the average company (£439.9k)

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (-7.6%)

EXPORT

Markey Limited's latest turnover from October 2022 is estimated at £2 million and the company has net assets of £37.8 thousand. According to their latest financial statements, Markey Limited has 24 employees and maintains cash reserves of £96 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,968,184	1,732,865	2,314,622	6,015,542	5,342,483	4,465,374	3,936,825	3,278,053	3,444,314	3,211,969	2,123,949	2,797,793	1,452,003	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,123,339	1,170,965	1,520,503	3,527,831	3,076,836	2,538,492	2,198,758	1,892,986	2,125,546	1,812,986	1,225,482	1,499,877	721,719	0
Gross Profit	844,845	561,900	794,119	2,487,711	2,265,648	1,926,881	1,738,068	1,385,067	1,318,768	1,398,983	898,467	1,297,917	730,285	0
Admin Expenses	810,426	568,260	983,652	2,364,884	2,229,912	1,900,125	1,719,955	1,374,136	1,300,375	1,390,920	890,835	1,167,091	738,733	-54,929
Operating Profit	34,419	-6,360	-189,533	122,827	35,736	26,756	18,113	10,931	18,393	8,063	7,632	130,826	-8,448	54,929
Interest Payable	14,809	10,291	19,582	27,597	25,669	21,894	16,665	7,841	0	0	0	0	0	0
Interest Receivable	205	10	1	5	4	2	29	56	1	0	90	90	3	3
Pre-Tax Profit	19,816	-16,641	-209,114	95,235	10,070	4,863	1,478	3,146	18,394	8,064	7,722	130,916	-8,445	54,932
Tax	-3,765	0	0	-18,095	-1,913	-924	-295	-629	-3,863	-1,855	-1,853	-34,038	0	-15,381
Profit After Tax	16,051	-16,641	-209,114	77,140	8,157	3,939	1,182	2,517	14,531	6,209	5,869	96,878	-8,445	39,551
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	16,051	-16,641	-209,114	77,140	8,157	3,939	1,182	2,517	14,531	6,209	5,869	96,878	-8,445	39,551
Employee Costs	425,570	360,506	571,631	417,769	448,933	448,080	563,761	831,192	917,335	821,803	627,848	876,549	538,919	0
Number Of Employees	24	22	33	24	24	24	31	44	48	43	32	51	33	0
EBITDA*	60,866	21,903	-156,923	162,151	69,930	58,806	50,745	43,691	40,698	29,363	32,978	169,628	22,897	83,682

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	183,242	194,292	213,846	243,189	233,004	237,069	227,743	234,379	224,300	157,029	171,630	145,478	113,054	109,327
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	183,242	194,292	213,846	243,189	233,004	237,069	227,743	234,379	224,300	157,029	171,630	145,478	113,054	109,327
Stock & work in progress	99,944	28,049	5,000	33,250	72,183	70,820	65,240	45,335	18,100	20,700	10,600	1,000	1,000	1,000
Trade Debtors	318,574	388,312	284,547	915,376	776,448	693,932	529,490	419,376	339,703	302,452	225,360	336,415	164,990	91,845
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	56,356	101,762	97,198	28,566	0	45,488	30,147	30,330	0	0	0	0	0	0
Cash	96	18,137	2,024	657	570	440	772	22,137	238	38	37	35,972	27	1,142
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	474,970	536,260	388,769	977,849	867,834	810,680	625,649	517,178	358,041	323,190	235,997	373,387	166,017	93,987
total assets	658,212	730,552	602,615	1,221,038	1,100,838	1,047,749	853,392	751,557	582,341	480,219	407,627	518,865	279,071	203,314
Bank overdraft	125,543	91,363	76,304	440,859	344,139	364,968	239,935	170,762	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	115,369	144,172	91,391	172,569	116,634	174,550	138,380	113,742	340,291	311,166	231,057	338,452	188,715	147,924
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	7,815	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	7,338	10,080	13,013	0	8,365	32,476	30,857	0	0	0	0	0	0
other current liabilities	276,591	362,204	242,526	267,464	0	241,060	187,534	138,105	0	0	0	0	0	0
total current liabilities	517,503	605,077	420,301	893,905	812,107	788,943	598,325	453,466	340,291	311,166	231,057	338,452	188,715	147,924
loans	72,341	69,748	100,000	24,877	0	43,642	52,075	70,496	0	0	0	0	0	0
hp & lease commitments	0	0	6,420	10,920	0	10,748	5,291	30,817	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	46,460	2,250	16,125	29,263	43,291	2,609
provisions	30,543	33,953	37,479	43,807	0	42,184	39,408	39,667	40,996	26,740	26,591	23,165	15,958	13,229
total long term liabilities	102,884	103,701	143,899	79,604	118,342	96,574	96,774	140,980	87,456	28,990	42,716	52,428	59,249	15,838
total liabilities	620,387	708,778	564,200	973,509	930,449	885,517	695,099	594,446	427,747	340,156	273,773	390,880	247,964	163,762
net assets	37,825	21,774	38,415	247,529	170,389	162,232	158,293	157,111	154,594	140,063	133,854	127,985	31,107	39,552
total shareholders funds	37,825	21,774	38,415	247,529	170,389	162,232	158,293	157,111	154,594	140,063	133,854	127,985	31,107	39,552

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	34,419	-6,360	-189,533	122,827	35,736	26,756	18,113	10,931	18,393	8,063	7,632	130,826	-8,448	54,929
Depreciation	26,447	28,263	32,610	39,324	34,194	32,050	32,632	32,760	22,305	21,300	25,346	38,802	31,345	28,753
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,765	0	0	-18,095	-1,913	-924	-295	-629	-3,863	-1,855	-1,853	-34,038	0	-15,381
Stock	71,895	23,049	-28,250	-38,933	1,363	5,580	19,905	27,235	-2,600	10,100	9,600	0	0	1,000
Debtors	-115,144	108,329	-562,197	167,494	37,028	179,783	109,931	110,003	37,251	77,092	-111,055	171,425	73,145	91,845
Creditors	-28,803	52,781	-81,178	55,935	-57,916	36,170	24,638	-226,549	29,125	80,109	-107,395	149,737	40,791	147,924
Accruals and Deferred Income	-85,613	119,678	-24,938	267,464	-241,060	53,526	49,429	138,105	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,410	-3,526	-6,328	43,807	-42,184	2,776	-259	-1,329	14,256	149	3,426	7,207	2,729	13,229
Cash flow from operations	-17,476	59,458	321,080	382,701	-311,534	-35,009	-5,578	-183,949	45,565	20,574	28,611	121,109	-6,728	136,609
Investing Activities
capital expenditure	-15,397	-8,709	-3,267	-49,509	-30,129	-41,376	-25,996	-42,839	-89,576	-6,699	-51,498	-71,226	-35,072	-138,080
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,397	-8,709	-3,267	-49,509	-30,129	-41,376	-25,996	-42,839	-89,576	-6,699	-51,498	-71,226	-35,072	-138,080
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-7,815	7,815	0	0	0	0	0	0	0	0	0
Long term loans	2,593	-30,252	75,123	24,877	-43,642	-8,433	-18,421	70,496	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-7,338	-9,162	-7,433	23,933	-19,113	-18,654	-23,907	61,674	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-46,460	44,210	-13,875	-13,138	-14,028	40,682	2,609
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-14,604	-10,281	-19,581	-27,592	-25,665	-21,892	-16,636	-7,785	1	0	90	90	3	3
cash flow from financing	-19,349	-49,695	48,109	13,403	-80,605	-48,979	-58,964	77,925	44,211	-13,875	-13,048	-13,938	40,685	2,613
cash and cash equivalents
cash	-18,041	16,113	1,367	87	130	-332	-21,365	21,899	200	1	-35,935	35,945	-1,115	1,142
overdraft	34,180	15,059	-364,555	96,720	-20,829	125,033	69,173	170,762	0	0	0	0	0	0
change in cash	-52,221	1,054	365,922	-96,633	20,959	-125,365	-90,538	-148,863	200	1	-35,935	35,945	-1,115	1,142

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MARKEY LIMITED group structure

Markey Limited has no subsidiary companies.

Ultimate parent company

MARKEY LIMITED

03658450

MARKEY LIMITED Shareholders

nigel patrick markey	75%
warren joe	25%

Markey Limited currently has 2 directors. The longest serving directors include Mr Nigel Markey (Oct 1998) and Mr Warren Joe (Mar 2011).

officer	country	age	start	end	role
Mr Nigel Markey	England	61 years	Oct 1998	-	Director
Mr Warren Joe	England	52 years	Mar 2011	-	Director

P&L

October 2022

turnover

+14%

operating profit

34.4k

gross margin

43%

+32.38%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2022

net assets

37.8k

+0.74%

total assets

658.2k

-0.1%

cash

-0.99%

net assets

Total assets minus all liabilities

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company number

03658450

Type

Private limited with Share Capital

industry

56210 - Event catering activities

incorporation date

October 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit39b, park farm industrial estate, buntingford, hertfordshire, SG9 9AZ

last accounts submitted

October 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 6 charges/mortgages relating to markey limited. Currently there are 5 open charges and 1 have been satisfied in the past.

markey limited Company Information

markey limited Estimated Valuation

markey limited Estimated Valuation

markey limited Estimated Valuation

Markey Limited Overview

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MARKEY LIMITED financials

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markey limited Ownership

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